Deputy Treasurer for Accounting & Banking Services
Job Description:
What we are looking for:
Our ideal candidate is a self-starter with expertise in accounting and/or banking with comprehensive knowledge of and proven skills in management, leadership, planning, organizing and communication. A team player that supports effective communication throughout the organization, motivates and educates other team members. Someone who can collaborate across agency divisions to manage the timely completion of complex projects. Someone who demonstrates through performance their ability to analyze and resolve complex issues, both technological and interpersonal. A forward-looking leader with a firm commitment to collaborative management style that empowers staff to think innovatively. Also important will be your personal and professional commitment to diversity, equity, inclusion and belonging as we expand our efforts to develop our agency culture, community engagement, and enhanced access to services.
Divisions:
Cash and Warrant Management
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Responsible for the management of cashflows of $274 billion annually and more than $16 million financial transactions each year.
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Provides the vision and implementation of statewide systems that ensure the unimpeded inflow of monies to the state’s bank accounts and the timely outflow of monies to governments, vendors, beneficiaries, claimants, and employees.
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Represents state agencies in all contractual relationships with financial institutions, and coordinates agencies’ acceptance and use of credit cards and other payment methods.
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Processes $5.1 billion in warrant transactions and maintains the records of all warrants that bear the signature of the State Treasurer.
Public Deposit Protection Commission
- Comprised of the State Treasurer, Governor, and Lieutenant Governor the PDPC maintains regulatory oversight over the 75 Washington State Public Depositaries, who hold a total of over $11 billion in public funds.
- Implements the statewide statutory program that ensures the security and safety of all state and local government public funds on deposit in qualified public depositaries by administering state laws and rules.
Accounting Services
- Implements internal controls, policies and procedures that ensure accurate reporting and integrity of accounting transactions.
- Responsible for receiving, maintaining, disbursing, and transferring the majority of public monies for the state.
- Manages daily cash records for more than 600 treasury and treasury trust funds.
- Maintains official records of ownership and accounting for investment transactions for the Local Government Investment Pool, Separately Managed Accounts (SMA) and Treasury / Trust portfolios.
- Serves state agencies and local governments by distributing state and federal revenues in accordance with state laws and statue.
Duties:
- Administer, direct, and supervise Cash Management, Accounting Services and PDPC to fulfill the agency’s mission, purpose, and strategic viability.
- Provides for the development and successful implementation of OST policies, goals, and objectives.
- Ensures financial compliance with state and federal regulations and accurate and timely financial reporting.
- Foster open and timely communication to ensure the Chief Operating Officer and the Treasurer are informed promptly about important opportunities and developments.
- Mentor, train, coach, counsel, and motivate staff to achieve high performance.
- Ensure that staff have the information, resources, and authority to complete assignments and meet expectations.
- Collaborate with team members to understand their duties, provide effective support, participate in problem solving and cultivate solutions.
- Foster open communication channels between internal divisions and external customers to promote ongoing collaboration.
- Engage with One Washington Program leadership toward the successful implementation of a new Enterprise Resource Planning (ERP) solution to replace legacy enterprise administrative systems.
- Establishes and maintains effective relationships with state agency officials, local government officials, legislative leaders, bank regulators, members of the banking community, and others.
- Works in partnership with the Office of Financial Management and other state agencies to ensure correct application and implementation of receipt and payment processes that reflect sound accounting and cash management policies, procedures, and applications.
Qualifications:
A Bachelor’s degree and three (3) or more years of progressively increased responsibilities in management including:
- Directing the development and implementation of strategic and operational plans.
- Leading, directing and managing administrative functions including administrative policy development, project delivery and continuous process improvement.
- Leading, directing, coaching, and collaborating with managers and professional support staff.
Any combination of substantive work experience may substitute for education.
Desired Knowledge:
- Ability to demonstrate comprehensive knowledge of accounting and commercial banking practices and regulations.
- Ability to direct and manage complex activities; plan, organize and coordinate work.
- Ability to communicate ideas, conclusions, and factual data in a concise and understandable format.
- Ability to analyze and interpret complex performance data and information.
- Ability to handle a heavy workload. Identify and handle competing priorities effectively and adapt easily to changing business needs, conditions, and work responsibilities.
- Ability to demonstrate a flexible leadership style that meets the needs of a broad range of individuals and situations, assume, and share responsibility, promote teamwork and coordinate with others to share information, make decisions and implement solutions.
- Actively contribute to a work environment that embraces diversity and uses diverse perspectives to help achieve organizational goals.